Co-founder David Sloves shifts to Chief Innovation Officer as the benefits-tech firm eyes expansion in affordable, equitable healthcare solutions.
Nonstop Health, a benefits technology company focused on cost containment and making healthcare more affordable, has named Paymon Farazi as its new CEO. The move comes as the company sharpens its focus on national expansion and data-driven innovation in employee health benefits.
Farazi brings heavyweight credentials from some of the biggest names in healthcare. Most recently, he served as President of Signify Health, a CVS Health division specializing in home-based care. Before that, he was Chief Product Officer at OptumInsight, part of UnitedHealth Group, where he oversaw a broad portfolio of healthcare and technology services.
Leadership Shuffle at a Pivotal Moment
With Farazi stepping in, Nonstop Health’s co-founder and longtime CEO, David Sloves, is transitioning into a new role as Chief Innovation Officer while remaining on the company’s Board of Directors. Sloves, who launched Nonstop in 2012, originally built the company around serving nonprofits before expanding into wider employer-focused health benefits and cost management solutions.
Farazi says he’s eager to accelerate that momentum:
“I could not be more excited to join the Nonstop Health team on our mission to revolutionize healthcare and make it more affordable for all. I’m honored to partner with the talented team at Nonstop to accelerate growth, leverage data-driven innovation, and deliver extraordinary value to our clients and members.”
Why It Matters
Nonstop Health sits at the intersection of two pressing market needs: tackling rising healthcare costs and closing gaps in equitable care access. Its approach combines customized benefits design with proprietary technology that helps employers stretch healthcare dollars further.
The leadership shift signals the company’s intent to scale aggressively. With Farazi’s track record in both payer and provider services, Nonstop appears well-positioned to compete in a crowded but growing field of benefits-tech players—many of whom are targeting employers desperate for relief from healthcare inflation.
What’s Next
As cost pressures mount for businesses and employees alike, the benefits market is ripe for disruption. Nonstop Health’s bet: combining cost containment with innovation in benefits delivery could help it stand out, especially with Farazi steering the next phase of growth.
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Business Wire, a Berkshire Hathaway company, is the global leader in press release distribution and regulatory disclosure. Public relations, investor relations, public policy and marketing professionals rely on Business Wire for secure and accurate distribution of market-moving news and multimedia. Founded in 1961, Business Wire is a trusted source for news organizations, journalists, investment professionals and regulatory authorities, delivering news directly into editorial systems and leading online news sources via its multi-patented NX network. Business Wire’s global newsrooms are available to meet the needs of communications professionals and news media worldwide.
